There is little confidence that things are good in our economy, or about to get better | Greg Jericho

The housing market is likely to stay weak until the overall economy is back in sync

Housing and personal finance commitments are one of the best indicators of how people are feeling. Yes, we may respond to a survey that we feel confident or not about the economy but if you really want to see what people feel, look at their borrowing. You don't take out a loan for a car or for a new block of land or for a house when you think things are not looking good. And right now there seems to be very little confidence that things are good, or about to get better.

Housing finance is subject to other vagaries than "confidence". You might feel secure in your job but you are not sure if it is the "right time to buy". Such issues however are not the case for buying a car, and the latest finance figures show throughout the past year the amount of personal fixed finance for a car loan fell every month:

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